Currency pair US Dollar to Turkish Lira USD/TRY is trading at the level of 3.6000. The pair broke through Ichimoku Cloud and began to bargain above its upper limit, which indicates the presence of an upward trend in the US Dollar Turkish Lira pair. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 3.5900, from which one should expect an attempt at growth and development of the bullish trend for the pair near the level of 3.6500.
Ichimoku Kinko Hyo USD/TRY prediction on May 10, 2017
Earlier, a weak signal was received for purchases of the US dollar pair Turkish Lira, due to the intersection of signal lines at the level of 3.5454. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 3.5400, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/TRY stands with the breakdown of the local maximum area at the level of 3.6200.
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